Financial Reporting and Municipal Bond Ratings

Journal of Accounting Auditing and Finance, Winter 1982 5(2): 144-153

Posted: 16 Jul 2014

See all articles by K. K. Raman

K. K. Raman

The University of Texas at San Antonio

Date Written: Winter 1982

Abstract

Given the "pervasive and powerful influence" of published ratings, an attempt was made to explain municipal bond ratings using information normally obtainable from financial reports. It appears that rating assignments are more closely associated with the flow of liquid financial resources from operations than the "total flow of resources" statement generated by current GAAP.

Keywords: Governmental Financial Reporting, Bond Ratings, flow of financial resources

JEL Classification: M41

Suggested Citation

Raman, K. K., Financial Reporting and Municipal Bond Ratings (Winter 1982). Journal of Accounting Auditing and Finance, Winter 1982 5(2): 144-153. Available at SSRN: https://ssrn.com/abstract=2466520

K. K. Raman (Contact Author)

The University of Texas at San Antonio ( email )

One UTSA Circle
San Antonio, TX 78249
United States
210-458-8749 (Phone)

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